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A REVIEW ON CHAOS AND ITS APPLICATIONS IN ECONOMICS

Saeed Moshiri

Volume 4, Issue 12 , October 2002, , Pages 29-68

Abstract
  Chaos theory is rather new in science, but, it is, in fact, rooted in ancients' perception of the world. The main idea is that although a complex system, such as world, seems to be generated by a random, and therefore, unpredictable process, it may run by a nonlinear deterministic process. Chaos theory ...  Read More